Morgan Stanley lifted price targets on a group of semiconductor names during the heart of earnings season, a move that came as data showed the market continued to strengthen. The timing put fresh attention on the sector even as investors tried to sort out which chip stocks still have room to run.
Among the changes, GlobalFoundries was raised to $58 from $47, and IonQ was lifted to $47 from $38. The adjustments underline how the firm is revisiting its outlook on semiconductors while the broader market backdrop improves.
The source material does not include AMD’s revised target, even though the discussion is framed around the amd earnings date. That missing number matters because it leaves one of the most closely watched chip names unresolved at a moment when analysts are actively resetting expectations across the sector.
For now, the clearest read is that Morgan Stanley is leaning more constructive on semiconductors just as earnings season gives investors a fresh set of numbers to test those calls against. The next thing readers will want is the AMD figure itself, because that is the one target the truncated text does not deliver.